Kenyan Healthtech Zuri Health partners with Expresso Senegal to expand its operations

SENEGAL – Zuri Health, a Kenyan health-tech business, has partnered with Expresso Senegal to launch its operations in Senegal. Expresso Senegal, a subsidiary of the Expresso Telecom company, is a Senegalese telecommunications operator that provides 4G internet, voice, and SMS services, as well as business and roaming solutions. “It is with great satisfaction that Expresso Senegal and Zuri Health are…

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Barak Fund Management backed Sendou power plant has launched its first coal power

SENEGAL – Barak Fund Management, the Senegalese government and state-owned power utility Senelec, have announce that the first power from this national power asset, Sendou power plant, has been delivered The generation of first power from Sendou will help transform the energy market in Senegal and is an important step in moving the country away from its current reliance on…

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Senegal secures US$122m from AfDB to support its economic recovery

SENEGAL – The Board of Directors of the African Development Bank Group have approved the granting of a loan of 108.36 million euros (US$122.32m) to Senegal to help finance the Acceleration Support Program industry, competitiveness and employment (PAAICE). The financial support consists of two loans: the first of 96.1 million euros (US$108.48m) from the African Development Bank, and the second…

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BioNTech to start building mRNA vaccine factory in Africa in mid-2022

RWANDA – German biotech company BioNTech has signed an agreement with the Rwandan government and Institut Pasteur de Dakar in Senegal on the construction of the first mRNA vaccine manufacturing facility in Africa starting in mid-2022, to help the continent ease health inequalities compared to other world regions. BioNTech, which developed the western world’s most widely used Covid-19 vaccines with…

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ITFC signs US$116.4m Murabaha Financing Agreement with SENELEC to support Senegal’s energy sector

SENEGAL – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, approved US$116.4 million Murabaha financing to SENELEC (Senegal National Power Company) to help meet the growing electricity demand, improve the reliability of power supply, reduce losses, and expand access to previously unserved communities. The company’s strategic mandate is to ensure the production,…

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Logistic startup Kamtar secures equity investment from Sendy and Toyota

WEST AFRICA – Kamtar, a Francophone logistics platform, has secured an equity investment form Kenyan tech-logistics startup Sendy and Toyota Tsusho Corporation Other investors in the round include Mobility 54 Investment SAS and CFAO’s corporate venture capital arm. Kamtar currently operates in Cote d’Ivoire and Senegal, and targets to expand to other French-speaking West African countries by the end of…

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Logistics startup Yobante Express raises US$1.2m funding round for its expansion plans in Africa

SENEGAL – Yobante Express, a logistics startup, has raised a US$1.2 million bridge funding round as it looks to build on its impressive growth. This round has come ahead of a Series A it will open at the end of the year. The funding comes from Grenfell Holdings, Launch Africa Ventures, R-Ventures, Libertad via its investment branch Aguila Investments and…

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InfraCo Africa commits additional US$2.4m in Bonergie Irrigation SAS, acquires large minority shareholding

SENEGAL – InfraCo Africa, an investment company and part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement and a Loan Agreement with Bonergie Irrigation SAS to continue supporting the scale-up access to solar-powered irrigation solutions in Senegal. Under the new agreements, InfraCo Africa will hold a large minority shareholding in Bonergie Irrigation, committing an additional US$2.4…

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CrossBoundary Energy to install GCO’s hybrid solar power plant in Senegal

SENEGAL – Solar energy provider CrossBoundary Energy has signed an agreement with Grande Côte Operations (GCO) to install a 13 MW hybrid solar power plant with storage for the company’s operations in Diogo, north-western Senegal. GCO, a subsidiary of the French mining and metallurgical group Eramet, mines mineral sands in this locality, which is located more than 100 km from…

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GE commissions Africa’s first ever fully digital high voltage substation

SENEGAL – GE Renewable Energy’s Grid Solutions business recently commissioned the first ever fully digital high voltage substation on the African continent in Thiès, 70 km from Dakar in Senegal. This key 225 kV substation project is part of Senegal’s national electricity company Senelec’s transmission and distribution grid expansion, reinforcement and reliability enhancement program to be completed by VINCI Energies…

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